Beware of the ‘Forced Authorization Code’ Scam
Have you ever received a phone call from someone claiming to be from your bank or credit card company, asking for your account information or other sensitive data? If so, you may have encountered a common scam known as the “Forced Authorization Code” scam.
This scam typically involves a fraudster posing as a legitimate representative from a financial institution and trying to trick you into revealing confidential information. The scammer may claim that there has been fraudulent activity on your account and that they need your help to resolve the issue. They may then ask you to provide them with a code that they claim will help protect your account.
However, it is important to know that legitimate financial institutions will never ask you for sensitive information such as your account number, password, or authorization code over the phone. If you receive a call like this, it is best to hang up immediately and contact your bank or credit card company directly using a phone number from their official website or your account statement.
Scammers are constantly coming up with new ways to steal your personal and financial information, so it is important to stay vigilant and protect yourself from falling victim to these deceptive tactics. Remember, never share your sensitive information with anyone over the phone, especially if you did not initiate the call.
By being aware of common scams like the “Forced Authorization Code” scam, you can better protect yourself and your finances from falling into the hands of fraudsters. Stay informed, stay cautious, and stay safe.
